The Founder's Guide to

State of Mind Ventures (SOMV)

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Overview

State of Mind Ventures (SOMV) is a seed-stage venture capital fund established in 2014/2015 and based in Tel Aviv, Israel. Founded by Pinhas Buchris, Yuval Baharav, and Nir Adler, SOMV focuses on partnering with innovative teams and ambitious founders. The firm has raised approximately $140 million across multiple funds, including Fund I at $75 million and Fund II targeting $100 million. SOMV's investment strategy emphasizes technology-driven startups that address complex business and technological challenges.

Currently, SOMV manages a portfolio of 10 companies, with a team of experienced professionals dedicated to supporting founders in their growth journeys. The firm has a notable presence in the global startup ecosystem, particularly in Asia, and aims to empower its portfolio companies through strategic guidance and operational support. SOMV has achieved significant milestones, including successful exits from companies like Rivery, Rezonate, and Indeni.

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Frequently Asked Questions

What are SOMV's investment criteria?

SOMV primarily invests in seed-stage technology-driven startups across sectors such as AI, cybersecurity, and SaaS. The firm looks for ambitious founders with innovative ideas and a strong vision for their companies.

How can founders apply or pitch to SOMV?

Founders can pitch to SOMV through their website at somv.com or by emailing info@somv.com. It is advisable to include a detailed business plan and a clear outline of the startup's vision and market potential.

What makes SOMV different from other venture capital firms?

SOMV distinguishes itself through its focus on technology-driven startups and its commitment to providing not only capital but also strategic guidance and operational support to its portfolio companies. The team's extensive experience in technology and entrepreneurship enhances their ability to assist founders effectively.

What is SOMV's geographic scope?

SOMV invests globally, with a particular emphasis on the Asian market. The firm actively seeks out innovative startups from various regions, particularly those that align with its investment thesis.

What is the typical check size for investments?

SOMV typically invests between $500,000 and $2 million in seed and early-stage companies. This range allows the firm to support startups at critical stages of their development.

What kind of post-investment involvement does SOMV have?

SOMV provides ongoing support to its portfolio companies, leveraging the team's expertise to help founders navigate challenges and scale their businesses effectively. This includes strategic guidance, mentorship, and access to a network of industry contacts.

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